GameStop and AMC continue to surge, evoking 2021 meme stocks saga

) jumped nearly 40% each in premarket trading on Tuesday, and are on track to extend gains from a day earlier when a series of posts from “Roaring Kitty” rekindled a rally reminiscent of the meme stocks trading frenzy.

“Roaring Kitty,” the social media persona of Keith Gill, credited with setting off the so-called Reddit rally in January 2021 with his bullish calls on GameStop, posted on social media platform X, formerly Twitter, after nearly three years. The series of cryptic posts did not mention any company names but sparked speculation in the retail trading community that he might get back in action.

AMC also surged 78% to $5.19. The world’s largest theater chain more than doubled from a record low it hit in mid-April.

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

GameStop and AMC surge evokes 2021 meme stocks sagaBoth GameStop and AMC were the most traded stocks by retail investors on Monday, according to data from J.P.Morgan. 'Roaring Kitty', the social media...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Gamestop Stock Surge Is a Long Way From 2021’s Meme-Stock FrenzyGameStop Corp. shares more than doubling on no fundamental news. Short sellers getting squeezed and retail traders using same-day options to amplify gains in otherwise beaten-down stocks. Nonsense crypto coins adding more than 1,000%.
Source: BNNBloomberg - 🏆 83. / 50 Read more »